Tag: ownership

NEWS

New Zealand — Low Housing Stock, Foreigners Need Not Apply!

New Zealand will ban foreign buyers from purchasing existing homes in the country to cool soaring property prices. Prime minister-elect Jacinda Ardern said the ban only applied to non-residents. The country is facing a housing affordability crisis which has left home ownership out of reach for many. Low-interest rates, limited housing stock, and immigration have driven up prices in recent […]